But their four "AVOID STOCK IDEAS" jumped out at us (They use that same text color and highlighting in their report).

Here they are:

First Solar (FSLR), Implied Upside -13%. Analyst Christopher Blansett believes "the stock will remain under pressure as pricing conditions in the solar sector become even more difficult in 2012."

Citrix Systems (CTXS), Implied Upside -28%. Analyst John DiFucci notes "the opportunity for Desktop Virtualization is much more cannibalistic than incremental, and is unlikely to be adopted by the masses of corporations given such elusive ROI."

Red Hat (RHT), Implied Upside -37%. Regarding Red Hat, DiFucci argues that the company is "misunderstood by investors, as the real business momentum of the company is exaggerated with a simple calculation of billings proxy."